7. Understand The TAX System - Deepstash
7. Understand The TAX System

7. Understand The TAX System

The seventh rule is to understand taxes. This means taking the time to learn about tax laws and regulations and finding ways to minimize tax liabilities. By understanding how taxes impact personal finances, individuals can make informed decisions about investments, income, and deductions.

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Just another homo-sapien

"Rich Dad Poor Dad" is a personal finance book written by Robert Kiyosaki that challenges traditional beliefs about money and investing. The author draws on his experiences growing up with two father figures, one of whom was financially successful, and the other who was not. He teaches readers about the importance of financial education, asset-building, and the differences between assets and liabilities. Kiyosaki shares practical lessons and advice on managing debt, building wealth, and developing financial intelligence.

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